Accounts payable coordinators oversee all monies paid out by a corporation or company. They audit, schedule and input invoice information into the computer. They receive and stamp invoices, determining when accounts will be paid. Checking the accuracy of invoices and verifying authorization for payment are at the heart of this accounting position.
Almost every industry utilizes the services and skills of an accounts payable coordinator. These financial professionals often work alone during the accounting process, but they should be able to communicate effectively with employees, managers and vendors. Accounts payable coordinators must be proficient at using current accounting software.
Some specific responsibilities of an accounts payable coordinator are as follows:
Depending on the company and the level of responsibility, an accounts payable coordinator may hold an associates or bachelor’s degree in accounting. Candidates with only an associate’s degree may be required to train with a company before taking full responsibility.
Accounts payable coordinators are not typically required to be Certified Public Accountants (CPAs).
The median annual salary in 2008 for an accounts payable coordinator was $32,510, according to reports from the Bureau of Labor Statistics (BLS). This profession is expected to grow at an average rate compared to other jobs through 2018.
*Source: U.S. Bureau of Labor Statistics